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For immediate release: January 11, 2007

Herb Kelleher Appointed to Dallas Fed Board

DALLAS—The Federal Reserve Board of Governors has appointed Herb Kelleher to the Dallas Fed’s board of directors. He will serve a term ending Dec. 31, 2007.

Kelleher is co-founder and executive chairman of Southwest Airlines. Kelleher also served as president and chief executive officer of Southwest from 1981 to 2001.

He has served on the board of several civic and professional organizations, and has received numerous awards, including the Wright Brothers Memorial Trophy, INC magazine’s U. S. Master Entrepreneur and the Bower Award for Business Leadership from the Franklin Institute.

Kelleher holds a B.A. from Wesleyan University and a J.D. from New York University.

Each Federal Reserve Bank has a nine-member board of directors. Three members represent commercial banks, three represent the public and three are appointed by the Board of Governors in Washington, D.C.

For more information on the Federal Reserve Bank of Dallas, visit


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James Hoard
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